The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-06

hams IL d121c: picked shoulders G6tc. Lard
"a II points lower and only moderately active
Western steam 6 921c, closing at 6. S2Ic: Septem-
Der. 50 al 00c; October G. 81 a 1.07; November
IS CSC: December. 81 d. 6. soc; January, 6. SO
1I0lc; city steam 6. 60c.
Butter firm ard in fair home trade demand;
Western II q 243c; Western creamery, Is q 243c.
Cheese firm; fair inquiry.
CHICAGO Aug. 5-As rains come down in the
corn belt, so do prices IF come down on
Change Even those VINO do not believe that
the present rains can save the crop are ready to
take avantage of the scare and save themselves
by selling. The Wednesday rains In Kansas,
which caused corn tumbling down in
price Yesterday, supplemented last night
by general rains in parts OF Iowa and Nebraska
Besides, kilograms were numerous from points
in Illinois telling of rev1ving showers. There
is nothing like excitement over corn to arouse
the speculative interest of the people Of the
whole Western country, and the country orders
in such apt TO control the local crowd
of spectators The moment the market opened
this morning the scene in the corn pit became
one of activity and excitement Operators
swarmed from other grains and from
provisions and selling the order Of the
morning. Prices opened from 1c to 1!c under
volume of trading was enormous and there was
unsettled feeling. September corn went to
1893 q 39lc. Before noon. however. the crowd
recovered from its fears, and the leading futures
sold up to 40!c. and still later back to 39ic
Great interest conferred in May corn, which. at
the outset. sold in various parts of the Dit at
first official quotation. From the opening figure
the price was drag ed down to 1880, from which
point it rallied, and sold NO TO 44c. The closing
quotations for the day left corn from &c to I4c
lower. The ''bulr arguments for wheat seemed
to avail nothing to-day until near the
close. Early in the day prominent
operators predicting that the collapse
of the California corner will probably admit of
better arkets here, as it has all along been re-
garded as an element of danger and assist
ance to the clears" in holding prices down since
the June tumble. It was also figured that the
will be less than /. 600, 900 bushels while ago
il over 2. 600. 900. The receipts of new wheat
are becoming lighter, and fair amount IS leav-
ing Chicago. Exports are moderate With
these facts before them there was nothing in the
local crowd to cause either desire to sell to
at 69sc, or SO under yesterday. 1t then de-
clined, for want Of buyers, to 68ac and later
steadied at about 69c. October sold at 709c and
Tic, apd December at 1850 and 743c, the range
of prices half an hour before closing being
&c under the closing at l T. NJ yesterday.
September closed at Cole Oats opened weak
and 10 lower, but during the morning there was
a slight advance, which very nearly put prices
with yesterday. A very fair demand existed,
and prices were changeable within about yester-
days range. but closing quotations, as com pared
with the closing OF yesterday, exhibit &c de-
cline. Only limited business was transacted
in the market for hog products. Offerings of
some articles were free early, while the demand
was light and lower prices were accepted. Later
the demand was fair. while the offerings were
light, and portion Of the decline was recovered.
Short-rib sides appeared to be on somewhat of
an Independent basis, while mess pork and lard
ruled easier. The trading was chiefly in Sep
TENDER. October and January deliveries.
The leading futures ranged as follows